Guideline Value for School Street

School Street guideline value

The current guideline value of School Street in Urapakkam village, under the Gooduvancheri SRO, is Rs 1,100 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class I Type - I.

How the guideline value of School Street has changed

The guideline value for School Street has seen several revisions over the years. In the 2007 revision, the value was Rs 550 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value dropped to Rs 737 per sq.ft, a decrease of 33%. The most recent revision in 2023 set the value back to Rs 1,100 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 100%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. However, School Street is part of the guideline value framework set by the Gooduvancheri SRO. The following are the other streets in Urapakkam:

Stamp duty and registration fee for property in School Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers School Street?

The Sub Registrar Office that covers School Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Urapakkam

The guideline value is an essential factor during property registration in Urapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This means that buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of School Street?

The current guideline value of School Street is Rs 1,100 per sq.ft as per the 2023 revision.

How has the guideline value of School Street changed over the years?

The guideline value has changed several times: from Rs 550 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, then decreased to Rs 737 per sq.ft in 2017, and finally returned to Rs 1,100 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in School Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for School Street?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in School Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Is there a guideline value for the year 2024 for School Street?

No, the register has no figure for School Street for the year 2024.